Texas Business and Commerce Code 93.001 – Definitions
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Terms Used In Texas Business and Commerce Code 93.001
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
In this chapter:
(1) “Customer” means a person who rents heavy equipment under a rental agreement.
(2) “Heavy equipment” has the meaning assigned by Section 23.1241, Tax Code.
(3) “Heavy equipment loss damage waiver” means a merchant’s agreement to not hold a customer liable for loss from all or part of any damage to heavy equipment.
(4) “Merchant” means a person who, in the ordinary course of business, regularly rents, offers to rent, or arranges for the rental of heavy equipment under a rental agreement.
(5) “Rental agreement” means an agreement under which a customer pays a fee or other consideration to rent heavy equipment.